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EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United Watch Here

EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United
UPDATE: #COPL set timeline for Q2/Q3 Nigeria drilling programme

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Member Since: Thu, 4th Dec 2014

Number of Share Chat Posts (all time): 360
Number of Share Chat Posts (last 30 days): 4

Last Posted: 30 Jan '19

Post Distribution over the last 30 days

26 Jan '19

Shell (Q4 earnings 31 January)
Shell is forecast to report a 27% rise in earnings for the quarter, to 66.5 cents per share, while revenue is expected to rise 8.3% to $92.55 billion. Quarterly results are usually not particularly volatile, with an average move of 1.34% and a current implied move of 1.26%.

Shell will find it tough to match the third quarter's (Q3) storming quarter, which saw its highest adjusted cash flow in over ten years. The Q4 is currently expected to be very strong as well, but given recent volatility and the rout in the oil price, things may not turn out as well as hoped. Still, at 10.4 times forward earnings, the shares are still cheap, compared to the five-year average of 13.1, and with the oil price only down 5% from the beginning of 2018, when the shares traded at 15 times forward earnings, Shell still looks good value.

The shares have broken their post-2016 uptrend, but while the picture seems worrying for bulls, the price remains within a bullish wedge formation. The rate of decline has slowed, and so far the price has held the £22.50 area, holding above the lows of late December. A rebound would target the top end of the wedge around £23.70, and a breakout then opens the way to £24.50.

Shell chart
Diageo (first-half earnings 31 January)
First-half (H1) revenue is forecast to rise 4.1% at Diageo, to £6.8 billion, while earnings per share are expected to rise 4.6% to 70.9p. The average move on results day is 2.4%, compared to a current expectation of 2.3%.

Diageoís strategy of boosting consumption of premium spirits continues to pay dividends, though it does require a decent performance in China and the US, and it is the former that is probably keeping Diageo executives up at night. However, a solid performance should mean further price rises in order to bolster profitability. At 20.6 times earnings, the shares are a shade above the 19.9 five-year average, but given recent growth this does not seem too demanding a multiple.

Compared to the FTSE 100, which saw remarkable gyrations in 2018, Diageo has been a haven in terms of share price performance. While it sold off in the summer, it created a higher low as it touched the bottom end of the post-2016 rising channel. The rising 200-day simple moving average (SMA) at £27.08 also provides good support, and further gains will target Decemberís high at £28.70.

Diageo chart

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Live price
21 Jan '19

better news for investors Glaxo and Pfizer have decided the new business will be spun off and listed separately in London within three years. This could provide a massive windfall for investors. For years, Glaxo break-up rumours have been circulating because analysts believe splitting the company up will create more value for investors. Star fund manager Neil Woodford has been one of the most vocal critics of the groupís conglomerate structure and once did a sum-of-the-parts valuation, claiming a potential market value of £100bn (over 2,000p a share) in the event of a breakup.
21 Jan '19

16:41 - 21/01
Buy 100000 1,495.20p £1,495,200.00
27 Dec '18

2nd interim * EX -DATE 28/02/2019 PAY 27/03/2019 190.00Ę
27 Dec '18

2nd interim * 28/02/2019 27/03/2019 190.00Ę
4 Dec '18

buying a company that will improve there chances of beating cancer has got to be good for all of us, in fact the whole
world as it seems to be on the rise posabble down to what we eat and pollution
so good luck emma and your team from one share holder
3 Dec '18


end of the day the sp had dropped 7.62% down 123p ref HL
GOOGLE FINANCE 16.41 GSK 1503.69 AT 16.41 hrs

and of course on the 30/11/18
3 Dec '18

who drinks it i had a cup in 1954
time to buy no not hollicks GSK
28 Nov '18

For a UK investor searching for protection against pound weakness, looking for companies that earn in the dollar is a good idea," says Edward Sterck, metals and mining research analyst at BMO Capital Markets. "They represent a safe haven,
28 Nov '18
sold out of RDSB and bought into RIO and i glad i did as last look at oil price now in low $50 a barrel
and the good news below re COPPER FIND makes buying RIO a even better investment
we may see a big drop in oil companies tomorrow if the oil price stays low
so be careful it mite look like a bargain
26 Nov '18

These share purchases form part of the Company's existing share buy-back programme which is expected to be completed over the period from 27 December 2017 to 31 December 2018, details of which were announced on 21 September 2017.

In respect of this programme, Deutsche Bank AG, London Branch will make trading decisions in relation to the Company's Ordinary Shares repurchased under the buy-back programme independently of, and uninfluenced by, the Company for the period from 15 October 2018 to 31 December 2018.

Any such acquisitions will be effected within certain pre-set parameters, and in accordance with the Company's general authority to repurchase Ordinary Shares, Chapter 12 of the Listing Rules and the provisions of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes.

Following the cancellation of the Ordinary Shares repurchased, the Company will have 1,294,037,261 Ordinary Shares in issue. To the extent that further Ordinary Shares are repurchased under the programme, these will also be cancelled.
26 Nov '18

One interpretation of a buyback is that the company is financially healthy and no longer needs excess equity funding. It can also be viewed by the market that management has enough confidence in the company to reinvest in itself. Share buybacks are generally seen as less risky than investing in research and development for a new technology or acquiring a competitor; it's a profitable action, as long as the company continues to grow. Investors typically see share buybacks as a positive sign for appreciation in the future. As a result, share buybacks can lead to a rush of investors buying the stock.

me bob the SP is undervalued so the company is buying it's own shares i believe daily up to the end of the year
26 Nov '18

(Sharecast News) - Rio Tinto has struck a deal to sell its majority stake in the Rössing mine in Namibia to China's state nuclear company.
China National Uranium Corporation will pay the world's second largest miner up to $106.5m for its entire 68.62% stake, with an initial cash payment of $6.5m on completion and the rest dependent on uranium spot prices over the coming seven years.

Rössing, the world's longest-running open pit uranium mine, currently generates roughly 3% of global supply for the radioactive metal, for which rising investor demand has drivn prices up more than 30% in the past four months.

The FTSE 100-listed company has been in talks with CNNC as it considered several strategic options for Rössing, which last year produced 4,652 klbs in total, of which Rio's share was 3,192 klbs.

Rio chief executive Jean-Sebastien Jacques said the sale was part of the board's efforts to strengthen the portfolio by focusing on "core assets, which deliver sector leading returns in the short, medium and long term".

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